Stock Track | R&F Properties Soars 26% on Hopes for Property Sector Support

Stock Track10-16

Shares of R&F Properties, a major Chinese property developer, surged 26% on Tuesday, as investors piled into the stock amid expectations of supportive measures for the troubled real estate sector from the government.

The sharp rally in R&F Properties' stock mirrored broader gains in the Chinese property sector, with several other developers like Ronshine China, Sunac China, and Logan Group witnessing substantial spikes in their share prices.

The optimism surrounding the industry stemmed from an upcoming press conference by China's housing ministry scheduled for Thursday. Investors are betting that the ministry could unveil a fresh round of policies aimed at reviving the debt-laden property sector, which has been grappling with a prolonged slump.

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